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Assemblymember Aguiar-Curry’s Payday Lending Transparency and customer Protection bill is finalized by the Governor

Assemblymember Aguiar-Curry’s Payday Lending Transparency and customer Protection bill is finalized by the Governor

SACRAMENTO, CA – Assemblymember Cecilia Aguiar-Curry’s (D – Winters) bill, AB 1636, had been finalized into law by Governor Brown the other day. This consumer that is critical measure increases accountability of “Payday Lenders” in Ca through strengthening the equipment Department of company Oversight (DBO) makes use of to oversee, manage, and review lenders’ reports.

“These organizations can offer low-income Californians under a economic pinch with an choice for a short-term fix whenever looking for cash, but this sort of loan can easily snowball into a household financial meltdown,” said Aguiar-Curry. “Our government can only just root down bad players insurance firms usage of information that may emphasize business that is predatory.Leer más »Assemblymember Aguiar-Curry’s Payday Lending Transparency and customer Protection bill is finalized by the Governor

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